HomeMy WebLinkAboutOrdinance - 2015-O0051 - Budget Amendment 13 - 06/11/2015First Reading
May 28, 2015
Item No. 6.5
ORDINANCE NO. 2015-00051
Second Reading
June 11, 2015
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AN ORDINANCE AMENDING THE FY 2014-15 BUDGET FOR MUNICIPAL
PURPOSES RESPECTING THE HOTEL OCCUPANCY TAX (HOT) FUND, THE
CIVIC CENTER FUND, MARKET LUBBOCK, INC., THE DEBT SERVICE
FUND, THE NORTH OVERTON TAX INCREMENT FINANCE (TIF) FUND,
CIVIC LUBBOCK, INC., THE GENERAL FUND CAPITAL IMPROVEMENT
PROJECT (CIP) FUND, CIP 92362—BUDDY HOLLY CENTER RENOVATIONS
PHASE II, THE CIVIC CENTER CIP FUND, AND CIP 8594—COLISEUM
PARKING LOT SEAL COAT; PROVIDING FOR FILING; AND PROVIDING
FOR A SAVINGS CLAUSE.
WHEREAS, Section 102.010 of the Local Government Code of the State of
Texas authorizes the City Council to make changes in the budget for municipal
purposes; and
WHEREAS, in accordance with the City Budget Ordinance the City Council
shall approve all transfers between funds and departments; and
WHEREAS, the City Council deems it advisable to change the FY 2014-15
Budget for municipal purposes and reallocate funds as follows; NOW, THEREFORE,
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SECTION 1. THAT the City Council of the City of Lubbock hereby approves
changes to the City of Lubbock Budget FY 2014-15 (Budget Amendment #13) for
municipal purposes, as follows:
1. Amend the Hotel Occupancy Tax (HOT) Fund FY 2014-15 Budget by:
Reducing the HOT revenue appropriation by $633,744, from $7,153,744
to $6,520,000.
Amending the transfer from the HOT Fund to Civic Center
Operations/Marketing by decreasing the transfer by $160,179, from
$1,808,106 to $1,647,927. Amend the Civic Center fund accordingly.
Amending the transfer from the HOT Fund to Market Lubbock, Inc. -
Visit Lubbock by decreasing the transfer by $244,859, from $2,763,986 to
$2,519,127. Amend the Market Lubbock, Inc. — Visit Lubbock budget
accordingly.
Amending the transfer from the HOT Fund to Market Lubbock, Inc. —
Lubbock Sports Authority by decreasing the transfer by $76,712, from
$865,928 to $789,216. Amend the Market Lubbock, Inc. — Lubbock
Sports Authority budget accordingly.
Amending the transfer from the HOT Fund to the Debt Service Fund for
the Buddy and Maria Elena Holly Plaza debt payment by decreasing the
transfer by $8,622, from $97,328 to $88,706. Amend the Debt Service
Fund accordingly.
Amending the transfer from the HOT Fund to the North Overton TIF by
decreasing the transfer by $55,368, from $625,000 to $569,632. Amend
the North Overton TIF fund accordingly.
Amending the transfer from the HOT Fund to Civic Lubbock, Inc. by
decreasing the transfer by $37,525, from $423,587 to $386,062. Amend
the Civic Lubbock, Inc. budget accordingly.
Amending the transfer from the HOT Fund to General Facilities Capital
Project Fund for CIP — Buddy Holly Center by decreasing the transfer by
$41,620, from $469,809 to $428,189.
Amending the transfer from the HOT Fund to the Civic Center Capital
Project Fund for CIP — Coliseum by decreasing the transfer by $8,859,
from $100,000 to $91,141.
II. Amend Capital Improvement Project (CIP) 92362 — Buddy Holly Center
Renovations Phase II by decreasing the appropriation by $41,620, from
$380,000 to $338,380.
III. Amend CIP 8594 — Coliseum Parking Lot Seal Coat by decreasing the
appropriation by $8,859, from $100,000 to $91,141.
SECTION 2. THAT a copy of the changes made to the City of Lubbock
Budget pursuant to this Ordinance shall be filed with the City Secretary and County
Clerk of Lubbock as required by law.
SECTION 3. THAT should any section, paragraph, sentence, clause, phrase
or word of this Ordinance be declared unconstitutional or invalid for any reason, the
remainder of this Ordinance shall not be affected thereby.
AND IT IS SO ORDERED
Passed by the City Council on first reading on May 28, 2015
Passed by the City Council on second reading on June 11, 2015
ATTEST:
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Rebeca Garza
City ecretary
APPROVED AS TO CONTENT:
Cheryl Bfbck
Executive Director of Budget
APPROVED AS TO FORM:
ccdocs/Budge1FY 1415.AmendI 3.ord
May 15, 2015